0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If 6 people are listed on a bill of Sale for property is this considered joint tenancy?
a bill of sale is similar to a memorandum of contract...it sets forth the terms of the sale, the parties involved and the property to be conveyed...it does not vest title in the property...only the deed does that...it is important on the deed to note whether title in the grantees (purchasers) will be held as joint tenants (all the people combined have a 100% interest, and where if one dies, title passes to the surviving grantees) or as tenants in common (where each person owns an undivided interest in the property that can be passed down to their own heirs and does not blend with the other grantees interest)...steve
Is Grant Bargain Sale Deed a Warranty Deed?
No. A bargain and sale deed is not the same as a warranty deed. The primary difference is that a bargain and sale deed does not guarantee that the seller holds clear title to the property.
Consenting deed for the sale deed?
How do you add a name to a deed
Does a hoa lien get wiped out at a tax deed sale in South Carolina?
Type your answer here... No, HOA liens survive a Tax Sale in South Carolina and remain attached to the property after the Deed is issued to the high bidder. The South Carolina Tax Sale statutes provide that Mortgage Holders and "Grantees of record" are entitled to notice of the expiration of the Right of Redemption (one year after the sale). If, after proper Notice, the Mortgage Holders and/or Grantees of record fail to redeem the property, a Tax Deed is issued and those liens are severed. The new owner takes title subject to all other liens of record including HOA liens and judgments. Bidders should be careful to research property records before bidding at a tax sale. For further information regarding Tax Sales in South Carolina, please feel free to contact me. Jeffrey T. Spell, Attorney at Law (843) 452-3553 - jtspell@comcast.net
How important is the deed of sale of the land?
Since a deed is the instrument of sale for real property which proves the seller's right to convey and the buyer's right of ownership, it is critical to the sale because it is the buyer's only proof of ownership. It is critical to note that ownership customarily does not pass from the seller to the buyer unless and until the deed is recorded with the clerk of the court in the jurisdiction in which the property is located.
I wish to add my wife's name to my deed Do I use quitclaim or Bargain Sale deed?
you can use quit claim deed
Do you have to short sale before a deed in lieu?
yes.
What is the difference between Grant Deed and Trustee's Deed Upon Sale in CA?
A grant deed is an instrument used to transfer an interest in real estate to a new owner. In some jurisdictions this is called a warranty deed.In some jurisdictions, a deed of trust is an instrument recorded by a lender as security for a loan. This is commonly referred to as a mortgage. In other jurisdictions a deed of trust may be used to refer to a deed that transfers real property to a trustee of a trust.
What is the different between bill of sale and title?
with cars no, Your bill of sale is the title or deed to your vehicle
Will a deed of sale be valid if an authorizing signature was forged?
The deed would be declared invalid. It was obtained through fraud.
What happens to the second deed of trust if the first deed of trust is in foreclosure?
Nothing essentially happens to the 2nd deed of trust unless the property actually goes to sale and the foreclosure does not get cured by either the Trustor or the beneficiary of the 2nd deed of trust. In that case the 2nd deed of trust would cease to exist and drop off title at time of the sale of the property.
Deeds generally are signed only by the grantees?
The grantee is the person who is receiving the property: the new owner. The grantor is the person who is transferring the land to the new owner and surrendering all rights in the property. Therefore the grantor is usually the only person who signs the deed. In rare cases the grantee also signs when they are agreeing to some condition. For example, the deed might state that the grantee agrees to allow the grantor to cut and remove timber for one year from the date of the sale.
